The TSX Venture Exchange has accepted for filing the company's proposal to issue 23,150,954 shares to settle outstanding debt for $3,241,136.

Number of creditors:  three creditors

Insiders:  CDC Group PLC, $2,670,496, 19,074,966 shares at 14 cents; Golden Oil Holdings Ltd., $557,450, 3,981,780 shares at 14 cents; Ravi Sood, $13,190, 94,208 shares at 14 cents